Updated: Gannett Buys Rest of PointRoll From Former CEO For $4.6 million

imageUpdated below: Confused, are you? Well, so was I until I dug deeper into SEC filings from Gannett (NYSE: GCI) over the last two years. In a proxy statement filed by the newspaper company this Friday with SEC, this paragraph raised my interest: “In March 2008, we purchased for $4.6 million the remaining shares in Point Roll, Inc., a Gannett subsidiary, held by Chris Saridakis, who became our Senior Vice President and Chief Digital Officer in January 2008. The purchase price for the shares held by Mr. Saridakis was determined pursuant to the terms of an earn-out established at the time of Gannett

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